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1323 Highway 71 S
Fort Smith, AR 72901
Retail Property For Sale
PROPERTY FACTS
ABOUT 1323 HIGHWAY 71 S , FORT SMITH, AR 72901
Current Pizza Hut location available for purchase. Building is approximately 3,061 square feet situated on 22,000 square feet of land. Located among many other retail and restaurants in a main retail corridor. Property has plenty of frontage and great access from Highway 71 South, near Zero Street and Towson Avenue. Owner is asking $675,000. Cap rate is approximately 7.25% on current lease agreement. Fee Simple Land and Building – Absolute Triple Net Lease Current Lease Term: To December.31.2024 Options: None – Tenant exercised all options Current annual base rent $32,902.00 Percentage rent: 5% over $658,040.00 NOI 2018:$ $35,990.00 and $38,958.97 in 2017 Year Built: 1987 – subsequently remodeled and upgraded Great visibility – Main Retail Corridor Thoroughfare Dual Access from Highway 71 and side crossing 14th street One mile from to WalMart Supercenter Below Market Rent - Low Price per SF
PROPERTY TAXES
| Parcel Number | 14231-0006-00000-00 | Improvements Assessment | $99,825 |
| Land Assessment | $10,999 | Total Assessment | $110,824 |
PROPERTY TAXES
